Ponder, Texas Property Taxes
The median property tax rate in Ponder, TX is 0.76%, considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Ponder at $858,257, the typical annual property tax bill reaches $5,482, which exceeds the national median of $2,690. Property taxes in Ponder are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ponder's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Ponder or another part of Wise County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ponder, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Ponder Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ponder with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ponder to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Ponder, Texas
Property taxes in Ponder, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ponder is 0.76%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Ponder set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ponder estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Ponder's effective property tax rate to other counties in Texas and the national median. For comparison, the 76259 zip code has the highest median property tax rate of 0.76%, while the same 76259 zip code also has the lowest median tax rate of 0.76%. Understanding how these cities compare with Ponder provides valuable insights into the varying tax landscape across Wise County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ponder Tax Rate
0.76%
Average Wise County Tax Rate
1.21%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ponder, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76259 | 0.47% | 0.58% | 0.76% | 1.00% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Ponder, Texas
In Ponder, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Wise County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Ponder, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Ponder is $858,257, with tax bills ranging from $3,727 at the 25th percentile to $8,875 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 76259, with a median tax bill of $5,482. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ponder Assessed Value
$858,257
Average Wise County Assessed Value
$280,537
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ponder, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76259 | $512,994 | $584,672 | $858,257 | $951,070 | $1,104,307 |
Source: Ownwell
Property Tax Bills Across Ponder, Texas
Property tax bills in Ponder, Wise County, TX, are calculated based on the assessed value of a property, which is determined by the local tax assessor. The tax rate, set by local taxing authorities, is applied to this assessed value to determine the tax bill. For example, with a median home price of $858,257, homeowners can expect their property tax bills to vary significantly. The 25th percentile tax bill is approximately $3,727, while the 75th percentile tax bill reaches around $7,836. At the 90th percentile, the tax bill can be as high as $8,875. These figures illustrate the range of tax burdens homeowners in Ponder might face. Compared to the national median property tax rate of 0.99%, the tax rates in Ponder can result in substantial annual expenses for homeowners. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly, ensuring they are prepared for their property tax responsibilities.
Average Ponder Tax Bill
$5,482
Average Wise County Tax Bill
$3,273
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Ponder, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76259 | $2,619 | $3,727 | $5,482 | $7,836 | $8,875 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Wise Appraisal District | |
| Website | esearch.wise-cad.com |